Remove Days on market Remove Inspection Remove Mortgages
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From consultation to closing: The definitive homebuying checklist

Housing Wire

Secure a mortgage pre-approval As a rule of thumb, its best to have your clients obtain a mortgage pre-approval prior to setting up any searches and conducting property tours. Clarify key steps like inspections, appraisals, and the importance of meeting deadlines and any impacts of missing them.

Closing 228
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Interest rates and inventory challenge buyers in northwest Ohio

Housing Wire

“I was showing my client a home recently listed at $599,000, and to purchase the home today compared to three years ago is a difference of $1,400 in their monthly mortgage payment. For Fleischmann’s buyer clients, mortgage rates really seem to be a problem when houses need updates. “We And that is pretty significant.”

FHA loan 431
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Real estate newsletters: The ultimate playbook (+ 49 topic ideas & subject lines)

Housing Wire

How about that pest control service you used for your clients termite inspection? Its the best place to find average mortgage rates. Is a new restaurant coming to town? Be the first to let everyone in your network know about it. Maybe you can turn your experience into a small business spotlight.

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Santa Monica: An unexpected haven for first-time buyers

Housing Wire

As of May 13, the median days on market for single-family properties in Santa Monica with a median price of $1.85 million (the lowest market segment) and a median price of $2.622 million was 35 days and 17 days, respectively. But it isn’t just first-time buyers. They spook easier.

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Inventory needs to increase to balance housing market: Fed Beige Book

Housing Wire

“Housing markets continued to weaken, with sales and construction declining across [all 12 Federal Reserve] districts,” according to the Federal Reserve Beige Book released on Wednesday. The report noted that “most bankers reported that residential mortgage demand remained weak.” However, housing affordability worsened.

Marketing 448
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Opinion: Here’s the latest data on what Realtors are witnessing in the housing market

Housing Wire

The real estate market has shifted, and we are in a new housing paradigm. Mortgage interest rates have risen quickly in the past few months further eroding affordability. However, there are a number of attention-grabbing headlines, which unfortunately only compare today’s housing market to the very recent history of the last two years.

Marketing 418
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Boston is the nation’s hottest housing market

Housing Wire

We are back to seeing people paying over asking, waiving home inspections and doing whatever they need to do to purchase a property.” I think the big driver of the lack of mobility and inventory in today’s market is the interest rates,” Stella said. 16, 2024, the metro area had 1,753 active single-family listings.

Marketing 493